REAL ESTATE

OfficeMax to the Shops of Sherman Plaza

BY Michael Fickes

Chicago — OfficeMax has leased a 4,942-sq.-ft. space at the Shops of Sherman Plaza in Evanston, Ill. The CBRE Group represented the landlord, Inland American Retail Management, in the transaction.

OfficeMax will join other Sherman Plaza brands including The North Face, Ann Taylor Loft, Barnes & Noble Booksellers and LA Fitness.

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REAL ESTATE

Phase I underway at The Shoppes at Parma

BY Michael Fickes

Parma, OhioPhillips Edison & Company has broken ground on The Shoppes at Parma — formerly Parmatown Mall. Phase I will focus on infrastructure. Work will include new lighting, new sidewalks and the restoration of the parking lots. In addition, the contractor will prepare out-parcels for development. Phase I will wrap up this fall.

The project will go beyond a basic facelift. “Besides bringing in additional shops, restaurants and services, we will create a more attractive, pedestrian-friendly, family-oriented environment that will act as a town center for Parma residents and surrounding communities,” said Roy Williams, senior VP of Phillips Edison’s Strategic Investment Funds.

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REAL ESTATE

CitiTrends renews at Richmond’s Brookhill Azalea

BY Michael Fickes

Richmond, Va. — Divaris Real Estate has renewed its lease with CitiTrends for 12,000 sq. ft. at the Brookhill Azalea Shopping Center in Richmond, Va.

DRE represented BSV Premier Brookhill LLC, the landlord. Specializing in low-priced urban brands for the whole family, CitiTrends operates six stores in Richmond.

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